United Kingdom: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in the UK

In 2022, the UK acrylic acid esters market increased by 8.9% to $X, rising for the sixth year in a row after two years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Acrylic Acid Esters Production in the UK

In value terms, acrylic acid esters production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 112%. Acrylic acid esters production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Acrylic Acid Esters Exports

Exports from the UK

Acrylic acid esters exports from the UK declined to X tons in 2022, which is down by -6.2% compared with the previous year. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 127% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, acrylic acid esters exports dropped to $X in 2022. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 51% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Israel (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of acrylic acid esters exports from the UK, together comprising 58% of total exports. France, the United States, Costa Rica and Italy lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +50.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acrylic acid esters exported from the UK were Israel ($X), Germany ($X) and France ($X), together accounting for 47% of total exports. The Netherlands, the United States, Costa Rica and Italy lagged somewhat behind, together accounting for a further 31%.

Costa Rica, with a CAGR of +59.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acrylic acid esters export price stood at $X per ton in 2022, with a decrease of -9% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters export price decreased by -19.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 40%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports into the UK

In 2022, overseas purchases of esters of acrylic acid decreased by -4.2% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 8.7% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, acrylic acid esters imports expanded notably to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Belgium (X tons), France (X tons) and China (X tons) were the main suppliers of acrylic acid esters imports to the UK, together accounting for 63% of total imports. The United States, Germany, the Czech Republic, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +51.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of esters of acrylic acid to the UK, comprising 32% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.8% per year) and China (+16.1% per year).

Import Prices by Country

The average acrylic acid esters import price stood at $X per ton in 2022, growing by 19% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters import price increased by +85.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 56%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :